Assessing the Role of Remittances and Financial Deepening in Growth
We investigate the relationship between remittances, financial deepening and the growth of the Lebanese economy using quarterly data from 1993 to 2011. Our results provide strong support for the theoretical contention that remittances and financial development share a robust long-run relationship wi...
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| Format: | article |
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2017
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| Online Access: | http://hdl.handle.net/10725/5883 https://doi.org/10.1515/gej-2015-0059 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.degruyter.com/view/j/gej.2017.17.issue-1/gej-2015-0059/gej-2015-0059.xml |
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| _version_ | 1864513478182567936 |
|---|---|
| author | Fakih, Ali |
| author2 | Abosedra, Salah |
| author2_role | author |
| author_facet | Fakih, Ali Abosedra, Salah |
| author_role | author |
| dc.creator.none.fl_str_mv | Fakih, Ali Abosedra, Salah |
| dc.date.none.fl_str_mv | 2017-07-06T11:56:09Z 2017-07-06T11:56:09Z 2017 2017-07-06 |
| dc.identifier.none.fl_str_mv | 2194-5659 http://hdl.handle.net/10725/5883 https://doi.org/10.1515/gej-2015-0059 Abosedra, S., & Fakih, A. (2017). Assessing the Role of Remittances and Financial Deepening in Growth: The Experience of Lebanon. Global Economy Journal, 17(1). http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.degruyter.com/view/j/gej.2017.17.issue-1/gej-2015-0059/gej-2015-0059.xml |
| dc.language.none.fl_str_mv | en |
| dc.relation.none.fl_str_mv | Global Economy Journal |
| dc.rights.*.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.title.none.fl_str_mv | Assessing the Role of Remittances and Financial Deepening in Growth The Experience of Lebanon |
| dc.type.none.fl_str_mv | Article info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article |
| description | We investigate the relationship between remittances, financial deepening and the growth of the Lebanese economy using quarterly data from 1993 to 2011. Our results provide strong support for the theoretical contention that remittances and financial development share a robust long-run relationship with growth in Lebanon. However, the results indicate that short-run effects on growth volatility are statistically insignificant from financial development but strongly significant from remittances. These results extend recent findings on the financial development, remittances and growth nexus and imply that benefits expected from remittances for addressing growth volatility in Lebanon materialize more than those associated with financial development. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | LAURepo_f2ed2670adfc93150722cddae4da0265 |
| identifier_str_mv | 2194-5659 Abosedra, S., & Fakih, A. (2017). Assessing the Role of Remittances and Financial Deepening in Growth: The Experience of Lebanon. Global Economy Journal, 17(1). |
| language_invalid_str_mv | en |
| network_acronym_str | LAURepo |
| network_name_str | Lebanese American University repository |
| oai_identifier_str | oai:laur.lau.edu.lb:10725/5883 |
| publishDate | 2017 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| spelling | Assessing the Role of Remittances and Financial Deepening in GrowthThe Experience of LebanonFakih, AliAbosedra, SalahWe investigate the relationship between remittances, financial deepening and the growth of the Lebanese economy using quarterly data from 1993 to 2011. Our results provide strong support for the theoretical contention that remittances and financial development share a robust long-run relationship with growth in Lebanon. However, the results indicate that short-run effects on growth volatility are statistically insignificant from financial development but strongly significant from remittances. These results extend recent findings on the financial development, remittances and growth nexus and imply that benefits expected from remittances for addressing growth volatility in Lebanon materialize more than those associated with financial development.PublishedN/A2017-07-06T11:56:09Z2017-07-06T11:56:09Z20172017-07-06Articleinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article2194-5659http://hdl.handle.net/10725/5883https://doi.org/10.1515/gej-2015-0059Abosedra, S., & Fakih, A. (2017). Assessing the Role of Remittances and Financial Deepening in Growth: The Experience of Lebanon. Global Economy Journal, 17(1).http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.phphttps://www.degruyter.com/view/j/gej.2017.17.issue-1/gej-2015-0059/gej-2015-0059.xmlenGlobal Economy Journalinfo:eu-repo/semantics/openAccessoai:laur.lau.edu.lb:10725/58832021-03-19T09:10:11Z |
| spellingShingle | Assessing the Role of Remittances and Financial Deepening in Growth Fakih, Ali |
| status_str | publishedVersion |
| title | Assessing the Role of Remittances and Financial Deepening in Growth |
| title_full | Assessing the Role of Remittances and Financial Deepening in Growth |
| title_fullStr | Assessing the Role of Remittances and Financial Deepening in Growth |
| title_full_unstemmed | Assessing the Role of Remittances and Financial Deepening in Growth |
| title_short | Assessing the Role of Remittances and Financial Deepening in Growth |
| title_sort | Assessing the Role of Remittances and Financial Deepening in Growth |
| url | http://hdl.handle.net/10725/5883 https://doi.org/10.1515/gej-2015-0059 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.degruyter.com/view/j/gej.2017.17.issue-1/gej-2015-0059/gej-2015-0059.xml |